Who is a professional daytrader in this forum?

K

kickboxers

A professional daytrader should make money just by showing for work.

Minimum profit to be pro. daytrader is $500/day consistently without any drawdowns for 20 consecutive days. and account must be under $10,000 with 4:1 margin

a pro daytrader should be able to make $500/day with a $10,000 account with account staying at $10,000 with cash withdrawals weekly.
 
i considered the OP criteria, as newbie trader ... goals! i like the notion of consistency, but don't agree with your statement.
 
You can tell I'm not, because I'm posting here. When I'm profitable I won't bother any more and won't be around to answer the question.
 
$10,000 with 20:1 margin in futures and stocks
10:1 in stocks

that is $200,000 in intra-day buying power.

that is what you need for prop trading and daytrading.

for swing trading and overnight...SEC margin is maximum 50% margin

as a trader, your capital is your time,,,not the account size.






Quote from promagma:

Let me guess .... the OP only has a 10k trading account. That is called a "poor" daytrader, not a "pro"
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from what i gather, 80% of traders in the market and in this forum are not professionals


Quote from Red_Ink_inc:

One of the most foolish statements ever uttered on this site.
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Quote from kickboxers:

from what i gather, 80% of traders in the market and in this forum are not professionals
More...

Post your blotter of 20 days in a row of positive P&L or STFU!
 
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